Fox (FOXA) MoffettNathanson's 2026 Media, Internet & Communications Conference summary
Event summary combining transcript, slides, and related documents.
MoffettNathanson's 2026 Media, Internet & Communications Conference summary
26 May, 2026Strategic positioning and focus
Emphasis on live news, live sports, and AVOD with Tubi, driving focus and momentum.
Strong ratings gains across news and sports, with upcoming events like the World Cup and elections expected to boost performance.
Pristine balance sheet provides flexibility for shareholder returns and selective M&A.
Organic investments in digital initiatives and disciplined approach to acquisitions, seeking alignment with core strengths.
No major acquisition yet, but ongoing search for opportunities that fit strategic objectives.
Sports rights and platform strategy
Monetization of increased sports rights costs through advertising and distribution revenues.
Recent addition of two new national NFL windows, accretive to EBITDA.
Tubi used for marketing and brand awareness via select sports simulcasts, not as a primary sports platform.
FOX One leverages sports for subscriber acquisition and retention, with indirect benefits to rights decisions.
News and digital engagement
FOX News maintains leading cable and digital presence, with strong ratings and audience growth.
Major news events drive significant viewership; competitive threats acknowledged but not prompting strategic pivots.
YouTube channel attracts a younger audience, with 2 billion views last quarter, supporting cross-platform engagement.
Latest events from Fox
- World Cup and election advertising powered record revenue and Adjusted EBITDA.FOXA
Q1 2027 - Share issuance for the proposed Roku acquisition approved by an overwhelming preliminary majority.FOXA
EGM 2026 - Board recommends against simple majority vote proposal, citing minority shareholder protections.FOXA
Proxy filing - Director elections, auditor ratification, and executive pay up for vote at the 2026 annual meeting.FOXA
Proxy filing - Record growth, digital expansion, and the Roku acquisition define the strategic outlook.FOXA
Goldman Sachs Communacopia + Technology Conference 2026 - Record revenue and EBITDA, strong digital and sports-driven growth, Roku acquisition pending.FOXA
Q4 2026 - $25B deal forms a top-three U.S. TV and streaming platform, targeting $400M in synergies.FOXA
M&A announcement - Adjusted EBITDA up 11% to $954M despite lower revenue, driven by cost controls and digital growth.FOXA
Q3 2026 - Revenue up 2% to $5.18B, net income down, Tubi surges, $1.8B buybacks, $0.28 dividend.FOXA
Q2 2026